Nakamoto Games (NAKA): A Skill-Centric Adventure For Gamers
How often have you heard that the GameFi sector of the crypto industry is booming? While a large variety of play-to-earn (P2E) games have hit the market in the aftermath of Axie Infinity’s popularity surge in 2021, blockchain gaming platforms remain more of a playground for cryptocurrency and non-fungible token (NFT) enthusiasts, with the much larger crowd of Web 2.0 gamers still not in the loop. Many of these gamers are deterred by the complexities of the blockchain environment, the need for crypto wallets in order to start their gaming journey, and the frequent requirement of purchasing NFTs from the moment they join a P2E platform.
Unsustainable or sometimes predatory revenue models employed by some P2E platforms also don’t help the adoption rates. Nakamoto Games is a GameFi platform that’s tackling these problems head-on. A vast universe made up of hundreds of blockchain games, Nakamoto has championed the idea of free-to-play and free-to-earn gaming to attract users with limited exposure to or knowledge of cryptocurrency.
Key Takeaways:
Nakamoto Games (NAKA) is a Polygon-based gaming platform that offers hundreds of intuitive, hyper-casual games, many with free-to-play and free-to-earn options.
Its games are designed to reward skills and gaming mastery, rather than luck.
Players can join the platform without linking a web3 wallet or pre-purchasing in-game NFTs, making it an ideal environment to onboard traditional Web 2.0 gamers.
What Is Nakamoto Games?
Sporting the surname of Bitcoin’s mysterious founder, Nakamoto Games (NAKA) is a blockchain-based platform that offers hundreds of P2E, free-to-play and free-to-earn games. It caters to both seasoned blockchain crypto gaming enthusiasts and newcomers alike, offering a diverse range of gaming experiences.
Nakamoto Games’ offerings are hyper-casual, intuitive and easy to understand, while at the same time featuring a reward mechanism based on actual playing skills and strategy rather than mere luck. The games span a wide range of genres — runners, shooters, NFT games, strategy, card games, racing, action games and more — with both single-game and multi-game options on offer.
The hallmark of these games is their simplicity, catering to players of all skill levels and demanding only a minimal up-front time commitment to attain proficiency. Nakamoto Games’ platform aspires to offer the largest selection of titles in the web3 world.
Founded by the prominent Thai blockchain entrepreneur Chawalit Rugsasri and launched in 2020 on Ethereum (ETH), the platform made a move the following year to Polygon (POL). Its project also has plans to go multichain and establish a presence on other networks, including BNB Chain (BNB), Solana (SOL), Avalanche (AVAX), Tron (TRX), Fantom (FTM) and more.
One novel feature of Nakatomo Games is its integration with Telegram. Users can play many of the games offered by the platform on Telegram, requesting access to them via the project’s Telegram bot.
Nakamoto Games Key Features
Reward Systems
Play-to-Earn System
Nakamoto’s P2E mechanism is designed to reward actual skills and in-game achievements, while maintaining a sustainable and fair reward model. The primary game reward system is made up of game-specific prize pools that consist of players’ entry fees, with rewards from a pool distributed to players according to their achievement-based rankings. Players with higher rankings receive a higher share of the pool, while those at lower ranks earn less. Depending upon your ranking, your earnings may exceed or fall below the entry fee you’ve paid.
This pool-based reward system is applicable to multi-player games that feature between two and eight players.
Free-to-Earn System
Nakamoto also makes many of its popular game titles available under a free-to-earn system in which gamers can join and play without connecting a web3 wallet, an excellent feature for those unfamiliar with blockchain technology and cryptocurrencies. Players who achieve extraordinary skill levels and rise to the daily top 10 are rewarded with free tickets — in-game assets that can be used to play Nakamoto's P2E games or simply sold on the platform’s NFT marketplace.
Weekly Reward and Referral Systems
There are two more reward systems on Nakamoto: the weekly reward, and the referral program.
The weekly system rewards gamers who rise to the top 10 of the week in a particular game, with the reward pool size varying according to the total weekly number of players.
Under the referral system, anyone who refers a friend to Nakamoto Games can earn a 3% fee on the NFT purchases made by the referred gamer.
Watch2Earn
In addition to the reward systems above, Nakamoto Games has introduced a unique Watch2Earn feature. Users who register for Watch2Earn can earn rewards simply by watching participating advertisers’ ads, providing feedback on them, and reviewing products and services. The rewards are tier-based, according to the number of ads watched and tasks completed.
Nakaverse
Nakaverse is the platform’s immersive metaverse environment, in which users can mine for raw minerals to create in-game assets in factories and buildings built on virtual land. The in-game assets can then be used in two ways for players to earn money: using them in games, or selling them in the NAKA Marketplace. All of the virtual land, factories and buildings are represented by NFTs and can be bought with NAKA.
NAKA Marketplace
Nakamoto Games’ NFT marketplace is where users can trade in-game assets as well as Nakaverse Land NFTs, using the platform’s native cryptocurrency, NAKA. There are two main types of virtual land: Mining Lands, which contain a random number of raw minerals, and Production Lands, which enhance the productivity process of asset creation.
NFTs
In addition to NFTs representing in-game assets and Nakaverse real estate, the platform offers two more types of NFTs — Arcade Emporium environments and the NAKA Punks collection.
Arcade Emporium
Arcade Emporium is a service that allows anyone to purchase virtual NFT spaces — ready-made or customizable arcades — where platform users can play P2E games. Owners of the arcades/NFTs are entitled to commissions from the amounts earned in their arcade.
NAKA Punks
NAKA Punks is a collection of 10,000 NFTs, each depicting a pixelated Punk — a curious-looking fellow vaguely reminiscent of those found in the legendary CryptoPunks collection. Each NAKA Punk has its own characteristics and rarity features, which you can flaunt in-game as your PFP avatar. Holding a NAKA Punk entitles you to various benefits, including an airdrop of a Nakaverse asset worth $500 and a profit share of Nakamoto games.
With an original mint price of $200 each, some of the Punks are now listed for anything between 2 ETH ($6,599) and 15 ETH ($49,494) on OpenSea, the largest NFT marketplace in the industry. The highest asking price currently listed for a NAKA Punk is 33 ETH ($108,887), not too shabby for an asset worth $200 at mint.
What Is the NAKA Crypto Token?
The platform’s native crypto, NAKA, has a number of functionalities that include the following:
1. As a payment method for access to games and services on the platform
2. Acts as the platform’s P2E asset to reward players
3. Facilitates the purchase of NFTs representing in-game and Nakaverse assets
4. Powers governance processes on Nakamoto Games, as holders of NAKA will soon be able to participate in the platform’s governance via the NAKA DAO
NAKA’s total and maximum supply is 180 million. The token’s supply distribution shares are as follows:
22.22% — Play-to-Earn Vault
13.88% — Team & Advisors
11.11% — Operational Reserves
8.33% — Player Sponsoring
5.56% — Game Development Fund
5.56% — Sponsoring Developers
2.78% — Salaries
2.78% — Angel Sales Round
5.56% — Seed Round
11.11% — Private Round 1
10.74%— Private Round 2
0.37% — IDO
How to Buy Nakamoto Games (NAKA)
You can buy the NAKA token on Bybit as a Spot pair with USDT (NAKA/USDT). You can also take advantage of Bybit's NAKA campaigns for the opportunity to earn a share of the 80,000 NAKA Prize Pool. These campaigns are scheduled to run until Apr 4, 2024, 9AM UTC.
Nakamoto Games (NAKA) Price Prediction
As of Apr 3, 2024, the NAKA token was trading at $1.91, or 71.5% lower than its ATH of $6.71, recorded on Oct 30, 2021, and over 3,600% higher than its ATL of $0.05041 on Sep 28, 2022.
Long-term price predictions for NAKA are on the bullish side. PricePrediction forecasts it will reach $4.93 in 2025 and surge to $31.92 in 2030, while DigitalCoinPrice expects a more conservative rise for the token, predicting it will trade at $4.94 in 2025 and $14.29 in 2030.
Is Nakamoto Games a Good Investment?
Nakamoto Games is a unique decentralized gaming platform, with hundreds of titles available both in P2E and free-to-play formats. The P2E niche is extremely competitive, with platforms such as Gala Games, UFO Gaming and Vulcan Forged offering immersive playing experiences across a variety of games.
However, what sets Nakamoto Games apart from these and many other competitors is the more extensive selection of titles and genres. Additionally, most of Nakamoto Games’ offerings are more beginner-friendly and intuitive than its competitors’ titles. Finally, the ability to start gaming without needing a web3 wallet is also a relatively rare feature in the blockchain-based game industry. Given all these advantages over its most immediate competitors, Nakamoto Games and its NAKA token are well-positioned for considerable growth in the future, particularly by attracting traditional Web 2.0 gamers and those looking for casual gaming experience.
Closing Thoughts
Modern gaming, including the blockchain variety, faces a tremendous challenge. Many gaming platforms have become unduly complex in their quest to lure more hardcore gamers by delivering immersive experiences and greater visual bling. The time and effort needed to grasp these games can be overwhelming, and blockchain games, in addition to the complexity factor, are quick to ask you to pay up in cryptocurrency the moment you link your wallet.
Nakamoto Games addresses both of these problems by offering an intuitive and uncomplicated gaming environment that’s suitable for players of all levels, while providing extensive free-to-play options. Players new to cryptocurrency and NFTs — as well as those looking for a quick, facile game round just for the fun of it — will want to check out Nakamoto Games.
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